Hey Everyone,
My last post about BTCUSDT talked about how a major pullback could happen after closing above the trendline. I mentioned some bullish factors and bearish factors, even though I leaned toward a bullish move, the price has not stopped dropping until it retested the longer time frame trendline that it broke above.
Right now, the price has been very volatile. However, looking at the H4 time frame, the price has just made a higher low following the retest of the trendline, which is a shift in market structure.
Looking at the H1 time frame, we are seeing a double bottom followed by huge volatile moves. (Market is Going to Crazy)
In conclusion, I think that we are going to witness some bullish moves until we reach the 20350 level.
My last post about BTCUSDT talked about how a major pullback could happen after closing above the trendline. I mentioned some bullish factors and bearish factors, even though I leaned toward a bullish move, the price has not stopped dropping until it retested the longer time frame trendline that it broke above.
Right now, the price has been very volatile. However, looking at the H4 time frame, the price has just made a higher low following the retest of the trendline, which is a shift in market structure.
Looking at the H1 time frame, we are seeing a double bottom followed by huge volatile moves. (Market is Going to Crazy)
In conclusion, I think that we are going to witness some bullish moves until we reach the 20350 level.
Comment:
Don't take my word for it
